CandleFocus Shiba Inu (SHIB) Crucial 20% Spike: New Bull Run? Ethereum (ETH) Forming Cursed Pattern, Solana (SOL) Faces Critical Resistance Level
2024-10-21
Author: Content Editor
Shiba Inu (SHIB) has seen a 20% increase in profitability, with 55% of SHIB holders now in profit. This may attract more investors and suggest potential growth for SHIB. Despite recent bearish whale activity, the fact that 73% of SHIB is held by large holders indicates bullish sentiment. Long-term recovery potential is high, with 79% of holders owning SHIB for over a year. From a technical perspective, SHIB is trading above key EMAs, indicating a strengthening trend. Ethereum (ETH) is facing a potential bearish Head and Shoulders pattern, with questions about its short-term viability. If it breaks above resistance levels, price targets for ETH include $2,650, $2,900, and $3,100. However, failure to maintain support may lead to a drop to around $2,400. Solana (SOL) is approaching a critical resistance level at $160, with indicators suggesting indecision in the market. A break above $160 could lead to additional gains, while a rejection may result in a drop to support levels at $147 or lower.
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